Meme Coin CateCoin Silently Balloons Over 250% – Time To Buy CATE?
03 August 2022 - 5:20PM
NEWSBTC
CateCoin (CATE) is doing the cat walk as it skyrockets by over 250%
amid the crypto market’s bizarre movement. The slow yet steady
gains of CATE shows how low market cap coins can advance and give
you remarkable rewards. CATE Pumps Up Price by 16.63% According to
CoinMarketCap, CATE meme coin is rising steadily as it pumps the
price by 16.63% or 0.000001057. More so, CATE has spiked in
price triggered by the increase in trading activity and hype coming
from social media. Judging by the current technical analysis on the
weekly price charts, CATE is soaring as it consistently edges
through the third straight green candle. CATE has recently been
able to outrank the $0.000000714 and $0.000000779 resistance zones
which have been turned into a support zone. Accordingly, CATE was
able to breach the $0.00000103 resistance level for a bit there but
has now retraced. No doubt, CateCoin is extremely bullish
especially as it racked up in terms of volume. CATE is also shaping
up into a classic bull flag pattern with the potential of breaking
out seen on the upside. If CATE can keep this price momentum going,
then it can revisit $0.000001. Another scenario is if CATE switches
into bearish mode and lose its bull flag precipitating a bearish
reversal momentum. CATE coin is performing way better than other
crypto as it was able to bounce from the support zone as shown with
its correction on the 0.236 Fibonacci level. If CATE can maintain
its traction, its price can shoot up to over $0.0000013 at the end
of this year. However, all of these will depend on Bitcoin’s
performance because the king of crypto influences how the other
meme coins perform and behave in the market. CATE Offers More Value
Than Other Meme Coins According to CoinMarketCap, CATE has a very
low market capital of $29 million. With that being said, increased
and consistent traction will lead to a pump in value to as much as
10x to 20x for CateCoin. In a space dominated by dog meme coins,
CATE is the first-of-its-kind meme coin that enables meme creators
to create and earn from NFTs. Right now, CateCoin is depicted as
one of the most powerful meme coins in the market. CATE has so much
to offer that encompasses the value of other meme coins. cate
offers NFTs, gaming, mobile wallet, and Dapps. More so, one of the
selling points of CATE is that long-term investors can easily
generate up to 15% APY when they stake and 2% of the transaction
fees are dispersed to investors. Crypto total market cap at $1.06
trillion on the daily chart | Source: TradingView.com Featured
image from Zee News, chart from TradingView.com
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